ARTICLES ABOUT ELECTRIFICATION BY DATE - PAGE 3

NEW DELHI: State-owned Rural Electrification Corporation today reported over 11 per cent jump in net profit at Rs 1,282.79 crore for the quarter ended June 30, 2014. The company had posted a net profit of Rs 1,153.66 crore in the same period, last fiscal. Total income from operations of the company rose to Rs 4,667.13 crore from Rs 3,988.45 crore, REC said in a regulatory filing to the stock exchange. REC will issue debentures of up to Rs 30,000 crore during the current financial year.

NEW DELHI: State-owned Rural Electrification Corporation will issue debentures of up to Rs 30,000 crore during the current financial year. "Board of Directors of the company have approved issuance of Non-Convertible Debentures up to Rs 30,000 crore through private placement during the current fiscal (2014-15)," REC said in a regulatory filing. NCDs can't be converted into shares or equity. They are used for raising long-term funds by companies through public issue. REC had targetted to raise Rs 30,000 crore last fiscal, 2013-14.

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com, shares his views on Rural Electrification Corp. What is your call on Rural Electrification Corp? Ashwani Gujral: Rural Electrification Corp is a 'buy' with a target of Rs 215 and a stop loss of Rs 200.

NEW DELHI: Catering to the growing demand for new divisions, railways have decided to create three new ones - Jammu, Gulberga and Silchar. Railway Minister has announced the creation of three new divisons in Jammu, Gulberga and Silchar and steps are being taken accordingly, Chairman Railway Board Arunendra Kumar said. Currently, Jammu is in Ferozpur division of the Northern Railway zone and if Jammu becomes a division then it will be the first rail division in Jammu and Kashmir.

The Interim Railway Budget 2014 that was presented by Railway Minister Mallikarjun Kharge in a short speech has largely been declared as a no-show in terms of future strategy or measures to enhance efficiency. While no one had any big expectations from this Vote-On-Account railway budget, experts do believe an interim budget is the perfect platform to put more focus on implementation of technology policies or measures to improve passenger experience through things like real time updates and safety systems.

NEW DELHI: The government should come up with a blue print so that electrification of all villages/hamlets can be done irrespective of the number of households they have, a parliamentary committee said today. The Standing Committee on Energy in its report submitted in the Lok Sabha on implementation of Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), said the government should undertake electrification for all villages/ hamlets even if each had a population of less than 100. The motto of RGGVY was to provide access to electricity to all by 2009.

NEW DELHI: State-run Rural Electrification Corp today reported 16.43 per cent jump in net profit at Rs 1,110.67 crore for the second quarter ended September 30. The company had reported a net profit of Rs 953.90 crore in the corresponding quarter of the last financial year (2012-13), REC said in a regulatory filing to the stock exchanges. Total income of the company rose to Rs 4,210.42 crore for the period as against Rs 3,291.85 crore in the same period last fiscal (2012-13)

NEW DELHI: Infrastructure company IL&FS Engineering and Construction Company Ltd today said it has bagged project worth Rs 149.68 crore for rural electrification works in Uttar Pradesh. "IL&FS Engineering and Construction Company Ltd has received a Letter of Award (LoA) from Paschimanchal Vidyut Vitran Nigam Ltd (PVVNL) for rural electrification (RE) works in Bulandshahr district of Uttar Pradesh," the company said in a statement. The turnkey project, awarded under government's of Rajeev Gandhi Grameen Vidyutikaran Yojana, is to be completed in 18 months, it said.